Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Classic Elliot 5 Wave idea, which might lead BTC to retest the resistance in the 4100 area.
The 4h chart is currently showing strength, supporting a possible push to 3800 as wave 3 of the structure:
- 4 green candle closes in a row - RSI bullish divergence in the making, depending on next close - RSI has broken through persisting downtrend line - MACD supporting upwards movement - High trading activity at current price level (VPVR)